FX.co ★ #MCD D1: Bearish Flag

The Bearish Flag pattern has been formed on #MCD at D1. The lower boundary of the pattern is located at 305.71/313.25 while the upper boundary lies at 310.15/317.69. The projection of the flagpole is 2474 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 305.71 is broken, the price will move further downwards.